Cosco rises on vessel order
(China Daily) Updated: 2012-05-04 13:50
Cosco Corp Singapore Ltd, the shipbuilding arm of China's biggest shipping company, climbed to a one-week high after it won an order to build a semi-submersible accommodation vessel.
Cosco Singapore gained as much as 1.4 percent to S$1.065 ($0.86), the highest intra-day price since April 27. Cosco has increased 21 percent this year, compared with a 14 percent rise in the Straits Times Index.
China Daily - Agencies
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